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This immediately precludes the disappointment this couple will have felt when told they could not afford a first home at the value of £175,000 having set their hearts on a property, which realistically most would consider as a second-purchase.

Perhaps they're ignoring the 2010 budget helps first-time buyers with stamp duty dropped on homes under £250,000...

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It is more than feasible to see in the market at the moment a selection of modernised and attractive terraced homes costing in the region of £80,000.

Not around here mate. More like triple that, with some of the more desirable ones going for 5 or 6 times as much.

Example, yours for a fraction under£600 grand, a real bargain:

Terrace in Cambridge.

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3) The Finance Factor

Particularly this year, it is worth considering getting your property on the market in advance of the New Year due to the VAT increase the UK is facing, with rates rising from 17.5% to 20%. What that rise means for you is additional costs in solicitors, surveys and estate agency fees, as well as the ripple effect on the economy a VAT increase creates. Essentially increasing the VAT rates means that living costs in general will rise, isn’t it worth saving that 2.5% in the few months leading up to 2011, so that you have that little bit extra to help you cope with the rise in costs next year?

So they think that despite living costs rising people will still be able to spend more on houses not that prices might fall as a result?

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Not around here mate. More like triple that, with some of the more desirable ones going for 5 or 6 times as much.

Example, yours for a fraction under£600 grand, a real bargain:

Terrace in Cambridge.

Good god that house is dreadful for £595k.

It 's number 37 and last sold in August 2006 for £170k

http://www.nethouseprices.com/index.php?con=sold_prices_street_detail&street=HARDWICK+STREET&locality=CAMBRIDGE&town=CAMBRIDGE&cCode=EW&year=All&house_style=All&house_age=All&search_radius=15&outcode=CB3&incode=9JA&eastingToSearch=54420&northingToSearch=25730

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Good god that house is dreadful for £595k.

It 's number 37 and last sold in August 2006 for £170k

http://www.nethousep...gToSearch=25730

And to think a recent report said that house prices might fall in Cambridge, a lot :unsure:

The cheapest property at the same EA is a one-bed flat for £169,950 (SSTC), in a rather crowded area near the railway line, and let's not discuss service charges or lease terms. How many times the average wage is that?

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that seems to odd too be true even in our miserable land of the cult of pwoperdee.

Edited by the flying pig

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Weird.

37 Hardwick Street

Notice in 2002 it sold for £295K.

With regards to the current asking price - words fail me. I should think around the £150K mark would be more realistic.

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Weird.

37 Hardwick Street

Notice in 2002 it sold for £295K.

With regards to the current asking price - words fail me. I should think around the £150K mark would be more realistic.

Well, I did say it was one of the better ones around here.

Here's an example of a not so good one. In need of "modernisation", and it's still more than twice the price of the EA blog's claim, and 50% more than 150K. This isn't London, this is a provincial town with lots of public sector employees. It's barking mad, when is it going to end?

Yours for a mere £220,000, in HOPE :P Street (they didn't build a Despair Row): Dear at half the price

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Well, I did say it was one of the better ones around here.

Here's an example of a not so good one. In need of "modernisation", and it's still more than twice the price of the EA blog's claim, and 50% more than 150K. This isn't London, this is a provincial town with lots of public sector employees. It's barking mad, when is it going to end?

Yours for a mere £220,000, in HOPE :P Street (they didn't build a Despair Row): Dear at half the price

Shit the bed, utterly insane... if (when?) it does hit the fan, it really will be a long way down. I think we are staring down the barrel of a Japan style lost decade - or more...

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  • 238 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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